Announcement of Non-Discretionary Share Buyback Programme

PRESS RELEASE Businesswire

Dec. 7, 2017, 02:00 AM

Regulatory News:

7 December 2017

RELX PLC and RELX N.V. (the "Companies") announce the completion of
their £700m share buyback programme for 2017. Consistent with prior year
practice, and in compliance with the EU Market Abuse Regulation, the
Companies also announce they will implement an irrevocable,
non-discretionary programme to repurchase their respective ordinary
shares up to the combined total value of £100 million between 2 January
2018 and 12 February 2018 (the "Programme”), ahead of the Companies’
results announcement on 15 February 2018.

The ratio of the respective ordinary shares to be bought back by each of
the Companies over the course of the Programme will be set by reference
to the Companies’ respective economic interests in RELX Group plc. The
purpose of the Programme is to reduce the capital of the Companies. The
Companies intend that shares purchased will be held in treasury.

Any share purchases will be made by the Companies within certain pre-set
parameters and in accordance with the general authorities of the
Companies to repurchase shares granted by shareholders at the RELX PLC
Annual General Meeting held on 20 April 2017 and the RELX N.V. Annual
General Meeting held on 19 April 2017 which, taking into account shares
purchased subsequent to these meetings, permit the Companies to purchase
no more than 101.0 million ordinary shares of RELX PLC and 89.4 million
ordinary shares of RELX N.V. Any share purchases effected by the
Companies will be in accordance with the EU Market Abuse Regulation and,
in addition, any share purchases effected by RELX PLC will be in
accordance with Chapter 12 of the UK Listing Rules.

The Companies have each entered into separate agreements with J.P.
Morgan Securities plc (JPMS plc) under which they have issued
irrevocable instructions to JPMS plc to manage the Programme. JPMS plc
will carry out each of the Companies’ instructions through the
acquisition of ordinary shares in the Companies for subsequent
repurchase by the respective Company. JPMS plc will make its trading
decisions under the Programme independently of, and uninfluenced by, the
Companies.

-ENDS-

ISSUED ON BEHALF OF RELX PLC AND RELX N.V.

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